Komori
Financial results presentation186AAstroscale Holdings Inc.Information and Communications, Services and Others

Full-Year Financial Results Presentation for the Fiscal Year Ending April 2026

In the fiscal year ended April 2026, project revenue increased 89.0% year on year and gross profit turned positive, while the operating loss was ¥9.975 billion and the loss for the period was ¥6.697 billion. For the fiscal year ending April 2027, the company expects project revenue of ¥12.5–17.0 billion and an operating loss of ¥9.0–9.9 billion, based on contracted projects.

Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
306
Growth financing of ¥10 billion
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFull year for the fiscal year ending April 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,940 million+141.8%
Operating profit¥-9,975 million
Net income¥-6,697 million
Selling, general and administrative expenses¥16,196 million expenses
Gross Profit Margin
Rate0.3
Year-on-year change (points)Improved from -157.9% in the previous fiscal year
Operating profit margin
Rate-167.9
Year-on-year change (points)Improved from -763.3% in the previous fiscal year
Results for the three months of the current quarterFourth quarter of the fiscal year ended April 2026: revenue of ¥1,524 million, project revenue of ¥3,157 million, operating loss of ¥2,837 million, and loss for the period of ¥1,679 million
Full-year earnings forecast
Fiscal year ending April 2027
Project revenue¥12,500–17,000 million
Revenue¥7,000–9,000 million
Government grant income¥5,500–8,000 million
Operating profit-¥9,900 to -¥9,000 million
Profit (loss) before tax-¥10,600 to -¥9,600 million
Profit (loss) for the period-¥10,600 to -¥9,600 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Project revenue101.8%
Revenue104.2%
Government grant income99.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The company maintained its full-year forecast announced at the beginning of the fiscal year. Excluding government grant income, results were within or above the initial forecast range in all areas.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in project revenue+89.0% year on year
  • The previous fiscal year had no provision for losses on orders¥3.2 billion
  • Recognition of part of the ISSA-J1 launch costs¥440 million
  • Financial income resulting from the weaker yen¥3.6 billion
  • Government grants not yet recognized corresponding to the advance payment of ISSA-J1 launch costs¥1.1 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • U.S. dollar exchange rate¥155 /US$
  • Euro exchange rate180 JPY/EUR
  • Pound sterling exchange rate¥205 /£
  • New ordersNot included in the forecast
New initiatives
  • Strategic growth financing of ¥30.6 billion through convertible bonds and common shares
  • Strategic partnerships with Hulic and SKY Perfect JSAT
  • Expansion of production facilities in Japan and the UK
  • Investment in manufacturing LEXI-P satellites
  • Strengthening the global management and governance structure
  • The certified public accountant changed from Ernst & Young ShinNihon LLC to KPMG AZSA LLC
Key KPIsA metric the company considers important as a management benchmark.
  • Orders received¥8,445 million
    Year on year against the same period last year-72.5%
  • Order backlog¥37,938 million
  • Fully funded project ratio94 %
    Year on year against the same period last year+5 percentage points
  • Average project duration2.8 Year
    Year on year against the same period last yearShortened from 3.6 years
  • Cash and Cash Equivalents¥10,021 million
    Year on year against the same period last year-53.0%
Orders received and order backlog
Orders received¥8,445 million
Order backlog¥37,938 million
Capital expenditures
¥70 billion LEXI-P satellite manufacturing); separately, ¥4 billion to expand production facilities and ¥3 billion to maintain and expand existing facilities
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFull year for the fiscal year ending April 2026
Net Sales¥5,940 million (YoY +141.8%)
Operating profit¥-9,975 million
Net income¥-6,697 million
Gross Profit MarginRate 0.3 / Year-on-year change (points) Improved from -157.9% in the previous fiscal year
Operating profit marginRate -167.9 / Year-on-year change (points) Improved from -763.3% in the previous fiscal year
Selling, general and administrative expenses¥16,196 million (expenses)
Results for the three months of the current quarterFourth quarter of the fiscal year ended April 2026: revenue of ¥1,524 million, project revenue of ¥3,157 million, operating loss of ¥2,837 million, and loss for the period of ¥1,679 million
Full-year earnings forecastFiscal year ending April 2027 Project revenue ¥12,500–17,000 million / Revenue ¥7,000–9,000 million / Government grant income ¥5,500–8,000 million / Operating profit -¥9,900 to -¥9,000 million / Profit (loss) before tax -¥10,600 to -¥9,600 million / Profit (loss) for the period -¥10,600 to -¥9,600 million
Progress against full-year forecastProject revenue 101.8% / Revenue 104.2% / Government grant income 99.4%
Self-assessment against the planThe company maintained its full-year forecast announced at the beginning of the fiscal year. Excluding government grant income, results were within or above the initial forecast range in all areas.
Breakdown of Factors Affecting the ChangeFactors Increase in project revenue / Amount +89.0% year on year, Factors The previous fiscal year had no provision for losses on orders / Amount ¥3.2 billion, Factors Recognition of part of the ISSA-J1 launch costs / Amount ¥440 million, Factors Financial income resulting from the weaker yen / Amount ¥3.6 billion, Factors Government grants not yet recognized corresponding to the advance payment of ISSA-J1 launch costs / Amount ¥1.1 billion
Key KPIsIndicator name Orders received / Value ¥8,445 million / Year on year against the same period last year -72.5%, Indicator name Order backlog / Value ¥37,938 million / Year on year against the same period last year Not disclosed, Indicator name Fully funded project ratio / Value 94 % / Year on year against the same period last year +5 percentage points, Indicator name Average project duration / Value 2.8 Year / Year on year against the same period last year Shortened from 3.6 years, Indicator name Cash and Cash Equivalents / Value ¥10,021 million / Year on year against the same period last year -53.0%
Assumptions Underlying the Business OutlookItem U.S. dollar exchange rate / Value ¥155 /US$, Item Euro exchange rate / Value 180 JPY/EUR, Item Pound sterling exchange rate / Value ¥205 /£, Item New orders / Value Not included in the forecast
Capital expenditures¥70 billion (LEXI-P satellite manufacturing); separately, ¥4 billion to expand production facilities and ¥3 billion to maintain and expand existing facilities
Orders received and order backlogOrders received ¥8,445 million / Order backlog ¥37,938 million
New initiativesStrategic growth financing of ¥30.6 billion through convertible bonds and common shares, Strategic partnerships with Hulic and SKY Perfect JSAT, Expansion of production facilities in Japan and the UK, Investment in manufacturing LEXI-P satellites, Strengthening the global management and governance structure, The certified public accountant changed from Ernst & Young ShinNihon LLC to KPMG AZSA LLC
Items this document does not state (13)
Ordinary incomeSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company attributed its results mainly to progress on existing projects, delays in recognizing government grant income, capitalization of LEXI-P satellite manufacturing costs, stringent cost control, and financial income resulting from the weaker yen. It explained that delays in new orders were due to prolonged selection processes and contract negotiations, rather than the loss of customer demand.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Full-Year Financial Results Presentation for the Fiscal Year Ending April 2026 | Astroscale Holdings Inc. (186A) timely disclosure | Komori